TITLE

401(k) cash-out alternative could be reg of last resort

AUTHOR(S)
Elswick, Jill
PUB. DATE
October 2001
SOURCE
Employee Benefit News;10/1/2001, Vol. 15 Issue 13, p49
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Focuses on the 72(t) provision of the United States Internal Revenue Service code which permits early distributions, with no penalty beyond normal income tax from individual retirement accounts. How employees can use the 72(t) provision as alternative to cashing out 401(k) plans; Caveat to the provision; Methods for calculating 72(t) early retirement distributions.
ACCESSION #
5348591

 

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